Forex

What sets our Forex trading experience apart

Wide range of currency options

Trade 60+ major, minor, and exotic currency pairs to capture opportunities across global markets.

High leverage

Take control of larger positions leverage up to 1:1000, maximising potential returns on market movements

Competitive spreads

Keep costs low with consistently narrow spreads, helping you keep more of your potential profits.

Negative balance protection

Protect your capital with built-in safeguards, ensuring you never lose more than your deposited funds.

Explore our forex pairs

Major pairs

Focus on the world’s top currencies widely used in international trade.

Minor pairs

Trade less liquid pairs and explore different market behaviors.

Exotic pairs

Combine major currencies with those from growing economies.

Micro pairs

Perfect for smaller-volume trades while retaining exposure to major and minor markets.

Your questions answered

How do I read a forex quote?

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Forex quotes are expressed as a pair of currencies, with the first being the base currency and the second being the quote currency.

The base currency is the currency being priced, and the quote currency is the currency used to price the base currency. For example, in the forex quote EUR/USD 1.1800, EUR is the base currency, and USD is the quote currency.

This means that 1 EUR is worth 1.1800 USD.Forex brokers always show two prices for a currency pair: the bid price and the ask price. The bid price is the highest price a buyer is willing to pay for the base currency.

In contrast, the asking price is the lowest price a seller is willing to accept for the base currency. The asking price will always be higher than the bid price.For more information, read our blog article on forex currency pairs.

What are the costs associated with trading CFD forex pairs?

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Forex trading fees include:

‍Spread cost: The spread is the difference between the bid and ask price, which is the cost of placing a trade.

‍Swap fees: Swap fees are charged for holding positions overnight. This is to account for interest rate differentials between the two currencies and the cost of funding the position overnight.

‍Commission: The commission is sometimes charged separately from the spread, especially for raw spread accounts.

You can find Deriv's spread cost and swap fees in the FX pairs trading conditions table above in this page.

What is the difference between major pairs, minor pairs, and exotic pairs in forex trading?

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Major forex pairs are the most popular and liquid pairs, involving the US dollar (USD) and other major currencies such as the euro (EUR), British pound (GBP), Japanese yen (JPY), Swiss franc (CHF), Canadian dollar (CAD), and Australian dollar (AUD).

Minor forex pairs, also known as cross-currency pairs, typically do not include the USD and are traded less often. Some examples of minor currency pairs include the EUR/GBP, GBP/JPY, and EUR/CHF.

Exotic currency pairs involve the combination of a major currency with the currency of a developing or emerging economy. Some examples of exotic currency pairs include the USD/SGD (US dollar/Singapore dollar) and USD/TRY (US dollar/Turkish lira).

What factors affect exchange rates?

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The major factors that impact the forex exchange rate include:

Interest rates
Inflation rates
Geopolitical events
Economic indicators (such as GDP, employment data, and consumer sentiment)
Political stability
Central bank actions
Forex market sentiment
Global trade patterns

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The interplay of these factors can lead to exchange rates fluctuations.

Forex trading with high leverage